The term “Golden Passport” once described Cyprus’s old citizenship-by-investment program, now closed. But with Cyprus set to join the Schengen Zone by 2026, its Permanent Residency (PR) program could become the next best thing — offering many of the same benefits without requiring citizenship upfront.
From Golden Passport to PR – What Changed?
Cyprus ended its Golden Passport scheme in 2020 under EU pressure.
Today, the flagship route is PR by property investment (€300K).
While PR ≠ citizenship, it provides a secure, lifetime EU foothold.
Schengen Membership = New Mobility
PR currently grants residency rights only in Cyprus.
Once Cyprus joins Schengen, PR holders may get 90/180 visa-free travel across Europe.
This will make Cyprus PR similar in function to the old Golden Passport — at a fraction of the cost.
Family & Lifestyle Benefits
Spouse & children included.
Access to Cypriot healthcare & education.
Right to live, study, and retire in one of Europe’s most welcoming countries.
Pathway to Citizenship
After 7 years of residence, PR holders can apply for citizenship.
Combined with Schengen mobility, this makes PR a strategic first step toward an EU passport.
Will €300K Rise Like Other Countries?
Greece: €250K → €400K–€800K
Malta: €300K–€350K → €375K
Cyprus: still €300K, but likely to rise once Schengen is confirmed.
Smart investors are acting before thresholds increase.
Conclusion / Call-to-Action
Cyprus PR may soon be the closest thing to a new Golden Passport in Europe — with lower cost, faster approval, and Schengen mobility on the horizon.
At Paphos Homes, we help you secure PR-eligible property and guide you through the full process.
Contact us today to lock in PR at €300K before requirements increase.
